Dell Technologies Inc. (NYSE:DELL) to Issue $0.45 Quarterly Dividend

Dell Technologies Inc. (NYSE:DELL) declared a quarterly dividend on Tuesday, December 3rd,RTT News reports. Investors of record on Wednesday, January 22nd will be paid a dividend of 0.445 per share by the technology company on Friday, January 31st. This represents a $1.78 annualized dividend and a yield of 1.42%.

Dell Technologies has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dell Technologies to earn $8.77 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 20.3%.

Dell Technologies Trading Down 0.2 %

Shares of NYSE DELL traded down $0.30 during mid-day trading on Tuesday, reaching $125.54. The company had a trading volume of 6,978,423 shares, compared to its average volume of 10,140,063. Dell Technologies has a 52-week low of $67.51 and a 52-week high of $179.70. The stock has a market cap of $88.18 billion, a P/E ratio of 22.18, a PEG ratio of 1.35 and a beta of 0.90. The firm has a 50 day simple moving average of $127.74 and a two-hundred day simple moving average of $126.39.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts expect that Dell Technologies will post 6.92 EPS for the current year.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DELL shares. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company upped their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.06.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).